CDB Aviation extends its cooperation with Turkish Airlines with the introduction of the carrier’s first A320neo


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Latest technology and fuel-efficient aircraft advance airline’s sustainability efforts

DUBLIN–(BUSINESS WIRE)–CDB Aviation, a wholly-owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited (“CDB Leasing”), today announced the delivery of an Airbus A320neo to Turkish Airlines, the national carrier of Turkey. The transaction marks the introduction of the first A320neo to the carrier’s fleet.

“We are delighted to lease the first A320neo from Turkish Airlines, which will contribute to the growth and modernization of the carrier’s flight operations on domestic and international routes,” said Paul Boyle, CDB Aviation’s Head of Europe. Middle East and Africa. “The introduction of the A320neo marks another step in the airline’s ongoing fleet modernization process.”

Levent Konukcu, Chief Investment and Technology Officer of Turkish Airlines, said: “As one of the world’s leading airlines, supporting our stable and successful performance with next-generation aircraft that we continue to include in our fleet brings us closer to our goals. We would like to thank our commercial partners, such as CDB Aviation, for their support in this direction.

With the recently awarded IATA IEnvA Stage 2 certificate, signifying the highest level of compliance with IATA’s environmental assessment program, Turkish has become a pioneer among airlines in undertaking sustainability-focused projects for every stage. of its air and ground operations in recent years.

“With unprecedented reductions in fuel burn, emissions and noise, the A320neo is one of the most efficient and quietest short- and medium-haul aircraft on the market today,” underlined Peter Goodman, commercial director of CDB Aviation. “The A320neo is well suited to support Turkish Airlines’ ambitious growth journey and help achieve its sustainability goals by reducing the environmental footprint of its flight operations.”

Forward-looking statements

This press release contains certain forward-looking statements, beliefs or opinions, including with respect to the business, financial condition, results of operations or plans of CDB Aviation. CDB Aviation cautions readers that no forward-looking statement is a guarantee of future performance and that actual results or other financial conditions or performance measures could differ materially from those contained in the forward-looking statements. These forward-looking statements can be identified by the fact that they do not relate solely to historical or current facts. Forward-looking statements sometimes use words such as “may”, “will”, “seek”, “continue”, “aim”, “anticipate”, “target”, “project”, “expect”, “estimate ‘, ‘intend’, ‘plan’, ‘aim’, ‘believe’, ‘achieve’ or any other terminology or words with a similar or analogous meaning. These statements are based on the current beliefs and expectations of CDB Aviation’s management and are subject to significant risks and uncertainties. Accordingly, you should not rely on any forward-looking statements as a prediction of actual results and we assume no responsibility for the accuracy or completeness of any such forward-looking statements. Except as required by applicable law, we undertake no obligation to update and will not update any forward-looking statements, whether as a result of new information, future events or otherwise.

About CDB Aviation

CDB Aviation is a wholly-owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited (“CDB Leasing”), a 36-year-old Chinese leasing company primarily backed by China Development Bank. CDB Aviation is rated Investment Grade by Moody’s (A2), S&P Global (A) and Fitch (A+). The China Development Bank is under the direct jurisdiction of the State Council of China and is the largest development finance institution in the world. It is also China’s largest bank for foreign investment and financial cooperation, long-term loans and bond issuance, enjoying a Chinese sovereign credit rating.

CDB Leasing is the sole leasing branch of China Development Bank and a leading company in the leasing industry in China which has engaged in the leasing of aircraft, infrastructure, ships, commercial vehicles and construction machinery and enjoys a Chinese sovereign credit rating. It took an important step in July 2016 to globalize and commercialize its business by listing on the Hong Kong Stock Exchange (HKEX STOCK CODE: 1606).

Paul Thibeau

[email protected]; +1 612 594 9844

Source: CBD Aviation


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